Capital requirements are tightening due to the Dodd-Frank Act and Basel III regulations, with the consequence that many banks will require hefty capital increases. Capital used to be cheap and readily available -- now it is expensive or not available at all. Bank earnings are likely to remain under pressure over the next few years. For a majority, consolidation means survival - while others have a chance to make game-changing acquisitions. Overall, this inevitable activity will result in massive industry consolidation along with far-reaching changes in the way services are provided to retail and commercial bank customers on a local basis.